Users can apply for overdraft card at the commercial outlets of major banks or at the corresponding online banks with personal identification. Overdraft card refers to credit cards, which are divided into credit cards and quasi-credit cards. Users only need to submit application materials and identity certificates according to the process guidelines of relevant banks, and then they can open related financial business functions in overdraft card.

Credit card introduction

Credit card is a kind of credit certificate issued by commercial banks or credit card companies for qualified users. Credit cards usually have information elements such as bank name, number, expiration date and magnetic stripe. Credit cards have a certain overdraft limit, within which consumers can spend in advance, and then the bank will settle accounts with merchants and consumers. Credit card consumption belongs to a non-cash transaction consumption mode, and consumers do not need to use cash for centralized repayment on the billing date. The interest rate of credit card overdraft shall be jointly agreed by the commercial bank and the cardholder.